Bitcoin Cycles Debunked: Market Dynamics Shift Beyond Old Theories

The personal belief that the Bitcoin cycle theory is no longer valid is reiterated. The author explains that previous strategies involving whale accumulation and retail selling no longer apply. In the recent cycle, big investors sold to retail, and now large institutional investors are buying, indicating a shift in market dynamics. The realization that institutional acceptance is larger than anticipated has led to the conclusion that trading may be less effective than presumed, and the initial forecast about the end of the bull cycle was mistaken. The author plans to adopt a more data-driven approach moving forward.